Ecommerce fraud prevention company Forter has revealed the general availability of its Fraud Prevention Platform for payment service providers (PSPs).

Via this initiative, PSPs are enabled to manage fraud for their merchants. Forter’s platform reduces fraud chargebacks while facilitating approvals, and it delivers a frictionless consumer experience. The integrated fraud prevention platform is powered by ML, fraud expertise, and a growing global data network. Through direct integration PSPs can create an additional revenue stream by offering fraud prevention either as a value-added service or as a white-labelled product.

The Forter Fraud Prevention Platform for PSPs provides:

  • Accurate fraud decisions in the industry, providing reductions of up to 90% in both chargebacks and false decline rates;
  • Fully automated approve/decline decisions in real-time, enabling seamless consumer experiences and eliminating the need for PSPs’ merchants to manually review transactions;
  • A cloud-based solution that is simple to integrate, scalable, and continuously updated, offering PSPs’ merchants protection against changing fraud trends;
  • A global solution that provides PSPs with the capability to meet all of their merchants’ regional and country-specific compliance requirements, including 3-D Secure and other SCA methods for PSD2.

About: Forter is a software as a service company that provides fraud prevention technology for online retailers and marketplaces. It has offices in Tel Aviv, London and New York; its headquarters are in New York. It is headquartered in New York, NY and was founded in 2013